TaxTMI 
TaxTMI 
1981 (8) TMI 116
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....istration for the year 1971-72. It was continued for the asst. yr. 1971-72. For the asst. yrs.1973-74, it appears registration was not continued. For 1974-75 registration was granted. For the asst. yrs. 1975-76 and 1976-77 as also for the subsequent two asst. yrs. viz., 1977-78 & 1978-79 the assessee filed declarations in; Form No. 12 together on appeal the assessee had filed the declaration along with return of income on 6th Nov., 1978 as said above. The ITO called upon the assessee to explain the reasons for the delay in filing the declaration. It was explained that the managing partner who was attending to the tax matters had no peace of mind due to continued illness of his father who had ultimately passed away before filing the return o....
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....e been granted. On behalf of the revenue, reliance was placed on the orders of the authorities. The ld. Deptl. Rep. Sri Santhanam further pointed out that for asst. yr. 1974-75 the assessee had filed the form No.12 on 29th May, 1974, even though according to the medical certificate filed by the assessee before the ITO the father of the managing partner was ill from 4th Feb., 1974. The ld. Deptl. Rep. urged that the income of the assessee consisted of only lease amount, and that for the assessee could have filed the declaration and return with in time. He also submitted that there were seven partners and some of them could have filed the declaration in time. 4. We have considered the rival submissions. The short point for the decision in th....